The Prague Post - Cannon-Brookes: Australia's billionaire climate warrior

EUR -
AED 4.177115
AFN 81.881407
ALL 99.252011
AMD 444.59148
ANG 2.049629
AOA 1037.159602
ARS 1294.14051
AUD 1.780172
AWG 2.047025
AZN 1.937816
BAM 1.956825
BBD 2.294803
BDT 138.092365
BGN 1.957857
BHD 0.428625
BIF 3332.101328
BMD 1.137236
BND 1.492134
BOB 7.854392
BRL 6.605299
BSD 1.136596
BTN 97.022843
BWP 15.66621
BYN 3.71968
BYR 22289.824581
BZD 2.282996
CAD 1.574122
CDF 3271.828234
CHF 0.930817
CLF 0.028662
CLP 1099.88957
CNY 8.306268
CNH 8.306019
COP 4901.486936
CRC 571.199327
CUC 1.137236
CUP 30.136753
CVE 110.77121
CZK 25.063093
DJF 202.11002
DKK 7.466603
DOP 68.807192
DZD 150.758867
EGP 58.143353
ERN 17.058539
ETB 151.279275
FJD 2.59711
FKP 0.856519
GBP 0.857288
GEL 3.116471
GGP 0.856519
GHS 17.695835
GIP 0.856519
GMD 81.31675
GNF 9843.350125
GTQ 8.754588
GYD 238.429138
HKD 8.827817
HNL 29.46444
HRK 7.519522
HTG 148.317723
HUF 408.38716
IDR 19177.096068
ILS 4.189521
IMP 0.856519
INR 97.094367
IQD 1489.779092
IRR 47906.064711
ISK 145.100373
JEP 0.856519
JMD 179.644139
JOD 0.806646
JPY 161.682017
KES 147.276378
KGS 99.205077
KHR 4566.00273
KMF 492.996098
KPW 1023.486197
KRW 1613.044532
KWD 0.348711
KYD 0.947196
KZT 594.971784
LAK 24598.413953
LBP 101896.34134
LKR 339.937138
LRD 227.418803
LSL 21.444738
LTL 3.357963
LVL 0.687903
LYD 6.221113
MAD 10.547908
MDL 19.662304
MGA 5177.713287
MKD 61.514233
MMK 2387.750039
MNT 4034.978004
MOP 9.086962
MRU 44.847502
MUR 51.278399
MVR 17.517685
MWK 1974.241998
MXN 22.428272
MYR 5.012372
MZN 72.675107
NAD 21.444738
NGN 1824.926761
NIO 41.821916
NOK 11.919455
NPR 155.236349
NZD 1.916394
OMR 0.437833
PAB 1.136596
PEN 4.279463
PGK 4.700463
PHP 64.495498
PKR 319.112616
PLN 4.278742
PYG 9097.767521
QAR 4.140226
RON 4.978937
RSD 117.291464
RUB 93.451578
RWF 1609.188866
SAR 4.267179
SBD 9.516785
SCR 16.196165
SDG 682.914367
SEK 10.955779
SGD 1.490626
SHP 0.893689
SLE 25.900592
SLL 23847.250746
SOS 649.934509
SRD 42.248737
STD 23538.488054
SVC 9.945212
SYP 14785.985057
SZL 21.403201
THB 37.92345
TJS 12.206811
TMT 3.980326
TND 3.398104
TOP 2.663525
TRY 43.355779
TTD 7.712041
TWD 36.987505
TZS 3056.325739
UAH 47.101683
UGX 4166.329832
USD 1.137236
UYU 47.664978
UZS 14768.739292
VES 91.955341
VND 29420.293975
VUV 138.058823
WST 3.166177
XAF 656.312471
XAG 0.034866
XAU 0.000342
XCD 3.073437
XDR 0.816192
XOF 653.911048
XPF 119.331742
YER 278.907529
ZAR 21.425938
ZMK 10236.492294
ZMW 32.36396
ZWL 366.189511
  • CMSD

    0.0400

    21.96

    +0.18%

  • SCS

    0.0500

    9.76

    +0.51%

  • RELX

    1.0000

    52.2

    +1.92%

  • GSK

    0.5600

    35.93

    +1.56%

  • NGG

    0.6300

    72.11

    +0.87%

  • RBGPF

    63.5900

    63.59

    +100%

  • CMSC

    0.0400

    21.82

    +0.18%

  • RIO

    1.0100

    58.17

    +1.74%

  • VOD

    0.1400

    9.31

    +1.5%

  • BCC

    0.7800

    93.47

    +0.83%

  • BCE

    0.4200

    22.04

    +1.91%

  • AZN

    0.5400

    67.59

    +0.8%

  • RYCEF

    -0.1400

    9.36

    -1.5%

  • BTI

    0.5400

    42.37

    +1.27%

  • JRI

    0.1600

    12.4

    +1.29%

  • BP

    0.6600

    28.32

    +2.33%

Cannon-Brookes: Australia's billionaire climate warrior
Cannon-Brookes: Australia's billionaire climate warrior / Photo: Drew Angerer - GETTY IMAGES NORTH AMERICA/AFP

Cannon-Brookes: Australia's billionaire climate warrior

Tech billionaire Mike Cannon-Brookes once joked he could not tell the difference between an AA battery in his kids' toys and the gigantic lithium-ion units powering today's green energy revolution.

Text size:

Today, he is the driving force behind a $24 billion project to build the world's largest solar battery hub in Australia's remote outback.

The 44-year-old was born in the United States before moving to Sydney at an early age.

He gained riches and public attention through software start-up Atlassian and investments in high-profile sports teams like the NBA's Utah Jazz.

But a lost wager with Elon Musk seven years ago set him on a path towards massive renewable energy investments -- and he has not looked back since.

He and university friend Scott Farquhar founded Atlassian in 2002 with few expectations.

"Our goals when we started were not to have to get a real job and to not have to wear a suit to work every day," Cannon-Brookes once recalled.

Atlassian now has 12,000 employees in 13 countries and "our software is being used on not just one, but two planets" he boasts, referencing the firm's involvement with NASA Mars rovers.

It also made him one of Australia's richest people -- with an estimated net worth of more than $10 billion.

His involvement with renewables began almost by accident -- thanks to self-described "idiocy on Twitter".

- Twitter 'idiocy' -

Back in March 2017, Australia was in the grip of an energy crisis, which Musk claimed Tesla batteries could solve in 100 days.

"Without thinking, I fired off a bunch of tweets, challenging them and saying 'were they really serious about this?'" Cannon-Brookes recalled in a TEDx talk a few months later.

If Musk could deliver what was then the world's biggest lithium-ion battery within 100 days, Cannon-Brookes promised to pay for it.

If Musk took longer than that, the battery would be free.

Within 60 days, the battery was switched on and Cannon-Brookes had lost the bet.

He was, he admits, "miles out of my depth".

"At the time, I really couldn't tell you the difference between a one-and-a-half volt battery that goes in my kids' toys and a 100-megawatt-hour industrial-scale battery facility," he later said.

"I remember thinking to myself, 'Shit. I've kind of started something here and I can't really get out."

"So I spent a week trying to learn everything I could about industrial-scale batteries and the electricity grid and renewables and the economics of all of this".

That was the spark that led to billions of dollars worth of green projects, including renewable energy initiatives and a plant-based meat startup.

He now holds the largest stake in AGL, Australia's largest electricity provider.

His ties with coal-hungry AGL might seem surprising at first, especially since he once called the company "one of the most toxic" on the planet.

But his Trojan Horse campaign is forcing the firm to decarbonise by closing two of its biggest coal-fired power stations years earlier than planned.

His latest SunCable project is perhaps even more radical.

It will include a vast array of solar panels, batteries and, eventually, a cable linking Australia with Singapore. It is slated to power three million homes.

Cannon-Brookes believes the case for renewables -- and projects like the one he is building in northern Australia -- make both business and climate sense.

"The green economy is Australia's golden ticket," he insists.

"At this point in history -- we no longer need to talk as much about stopping things, because the economy has done that for us.

"Fossil fuels are unreliable and expensive compared to renewables when it comes to energy generation. We'll see this filter through industry after industry. We will electrify everything."

For a man who never wanted a "real job", Cannon-Brookes has certainly kept himself busy.

L.Bartos--TPP